Mitsubishi UFJ Asset Management Co. Ltd. Takes $510.83 Million Position in Qualcomm Incorporated $QCOM

Key Points

• Mitsubishi UFJ Asset Management acquired 2.76 million Qualcomm shares worth approximately $510.8 million, giving it a 0.26% stake. Institutional investors collectively own 74.35% of the company.
• Analyst sentiment is mixed: Qualcomm has an average “Hold” rating and a consensus price target of $203.63, despite several firms maintaining or initiating “Buy” or “Strong Buy” ratings.
• Qualcomm reported quarterly revenue of $9.95 billion, exceeding expectations, but earnings per share slightly missed estimates and revenue declined 4% year over year. The company declared a quarterly dividend of $0.92 per share, yielding about 2.3%.

Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,764,365 shares of the wireless technology company's stock, valued at approximately $510,827,000. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.26% of Qualcomm as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. JFS Wealth Advisors LLC grew its stake in Qualcomm by 3.4% during the second quarter. JFS Wealth Advisors LLC now owns 1,595 shares of the wireless technology company's stock worth $295,000 after buying an additional 53 shares during the period. Wall Street Financial Group Inc. raised its position in Qualcomm by 1.9% in the second quarter. Wall Street Financial Group Inc. now owns 3,050 shares of the wireless technology company's stock valued at $564,000 after purchasing an additional 57 shares during the period. Sunbeam Capital Management LLC lifted its stake in shares of Qualcomm by 3.7% during the second quarter. Sunbeam Capital Management LLC now owns 1,637 shares of the wireless technology company's stock worth $303,000 after purchasing an additional 58 shares in the last quarter. Basepoint Wealth LLC lifted its stake in shares of Qualcomm by 1.8% during the first quarter. Basepoint Wealth LLC now owns 3,333 shares of the wireless technology company's stock worth $429,000 after purchasing an additional 59 shares in the last quarter. Finally, Five Oceans Advisors boosted its position in shares of Qualcomm by 3.3% in the second quarter. Five Oceans Advisors now owns 1,827 shares of the wireless technology company's stock worth $338,000 after buying an additional 59 shares during the period. Hedge funds and other institutional investors own 74.35% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on QCOM. Raymond James Financial initiated coverage on Qualcomm in a research note on Thursday, June 25th. They issued a "strong-buy" rating for the company. The Goldman Sachs Group set a $160.00 price target on Qualcomm in a report on Thursday, July 30th. TD Cowen lowered their price objective on shares of Qualcomm from $225.00 to $175.00 and set a "buy" rating for the company in a research report on Thursday, July 30th. Rosenblatt Securities dropped their price objective on shares of Qualcomm from $265.00 to $235.00 and set a "buy" rating on the stock in a research note on Thursday, July 30th. Finally, Freedom Capital raised shares of Qualcomm from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, Qualcomm presently has an average rating of "Hold" and an average target price of $203.63.

Insider Transactions at Qualcomm

In related news, EVP Heather S. Ace sold 3,200 shares of the business's stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $147.04, for a total value of $470,528.00. Following the completion of the sale, the executive vice president directly owned 36,535 shares of the company's stock, valued at $5,372,106.40. The trade was a 8.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $163.26, for a total value of $408,150.00. Following the transaction, the executive vice president directly owned 20,684 shares in the company, valued at approximately $3,376,869.84. This represents a 10.78% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 10,700 shares of company stock valued at $1,824,078 over the last quarter. Insiders own 0.05% of the company's stock.

Qualcomm Stock Performance

Shares of QCOM opened at $161.91 on Thursday. The business's 50 day moving average is $180.12 and its two-hundred day moving average is $168.00. Qualcomm Incorporated has a 52-week low of $121.99 and a 52-week high of $259.92. The firm has a market cap of $170.04 billion, a price-to-earnings ratio of 18.74, a PEG ratio of 14.79 and a beta of 1.65. The company has a quick ratio of 1.28, a current ratio of 2.02 and a debt-to-equity ratio of 0.46.

Qualcomm (NASDAQ:QCOM - Get Free Report) last released its earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.02). Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The business had revenue of $9.95 billion for the quarter, compared to analysts' expectations of $9.69 billion. During the same quarter last year, the company posted $2.77 earnings per share. The business's quarterly revenue was down 4.0% compared to the same quarter last year. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Analysts forecast that Qualcomm Incorporated will post 7.74 EPS for the current fiscal year.

Qualcomm Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be issued a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Thursday, September 3rd. Qualcomm's dividend payout ratio (DPR) is currently 42.59%.

About Qualcomm

Qualcomm Incorporated is a global semiconductor and telecommunications equipment company headquartered in San Diego, California. Founded in 1985, the company is known for its development of wireless technologies and for playing a central role in the evolution of digital cellular standards, including CDMA and subsequent generations of mobile standards. Qualcomm’s business combines the design and sale of semiconductor products with a patent licensing program for wireless technologies and related intellectual property.

The company’s product portfolio includes system-on-chip (SoC) platforms marketed under the Snapdragon brand, cellular modem and RF front-end components, connectivity solutions for Wi‑Fi and Bluetooth, and processors and platforms aimed at automotive, IoT, networking and edge-computing applications.

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